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originally posted by: JustJohnny
Not from the customer side really, but from the business model side..
Now that last one is reaching for sure, but I’ve been on a true crime kick lately and the number of murders for insurance is pretty crazy.
originally posted by: drewlander
a reply to: Lumenari
Insurance comissioner decides if a rate hike is acceptable. Private insurance books are not open to the public. In IA, bcbs just raised premius 16%. I seriously doubt they lost 14%, given how much the CEO took home but it sure would be nice to see those books. All that said, it varies from state to state since each state has its own insurance commissioner.
originally posted by: ketsuko
Insurance is what helps you when something catastrophic happens to one of your large purchases.
If my house burns down tomorrow, I won't have the funds on hand to replace that. I do have insurance for it.
If I get into a car wreck, I won't have the funds on hand to replace it. But, again, I'm insured.
Health insurance operates differently because at some point, people got this crazy idea that it pays for every medical procedure you ever have, from the most routine doctors visit to the big catastrophic stuff, and for that reason, it's out of control. People have been trying to make health insurance their universal get out of paying anything for my doctor policy because they think it ought to be like single payer which they think is "free" health care and really isn't because someone has put it in their heads that health care, a human provided service, is a human right (it's not).